Highwood Asset Management (CVE:HAM) Hits New 12-Month Low - Time to Sell?

Key Points

• Highwood Asset Management has reached a new 52-week low, trading at C$4.80, down from the previous close of C$4.81.
• Analysts at ATB Capital have reduced the target price for Highwood from C$8.00 to C$7.25.
• The company operates primarily in the oil and gas sector within the Western Canadian Sedimentary basin, focusing on acquisition and production activities.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$4.80 and last traded at C$4.80, with a volume of 1100 shares. The stock had previously closed at C$4.81.

Analysts Set New Price Targets

Separately, ATB Capital reduced their target price on Highwood Asset Management from C$8.00 to C$7.25 in a research report on Friday, July 4th.

Highwood Asset Management Stock Down 0.4%

The company has a 50-day moving average of C$5.03 and a 200 day moving average of C$5.37. The firm has a market capitalization of C$69.07 million, a PE ratio of 2.14 and a beta of -2.30.

About Highwood Asset Management

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments.

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